Non qm mortgage mac#

Riley Financial believes it was a savvy decision for the Angel Oak ecosystem to venture into the market the way it did. “The interesting thing is, we built a business model to focus on quality assets that our competition doesn’t have the ability to access,” he says. 'We launched publicly in June and the Angel Oak lending companies are generating a significant pipeline of opportunities for AOMR.' Tapping into Expertiseīy going public, AOMR was able to offer a permanent capital vehicle that could avail itself of Angel Oak Capital Advisors’ focus on non-QM loans and the active transaction flow of Angel Oak Home Loans and Angel Oak Mortgage Solutions, according to Brandon Filson, CFO of AOMR. 'The REIT is an efficient tool to own mortgage assets,' Williams says. housing population with mortgages makes a great deal of sense, he says. Having a pool of capital that can serve an underserved segment of the U.S. Since the financial crisis, 90% of mortgage originations have been owned or guaranteed by Fannie, Freddie, or the FHA, and there’s been a segment of the population cut out of obtaining a mortgage, according to Matt Howlett, a senior analyst for B. In other words, the business is built around serving the consumer that banks don’t serve, according to Williams.

Non qm mortgage mac#

These organizations originate non-QM mortgages that don’t fit into Fannie Mae, Freddie Mac or Federal Housing Administration (FHA) loans, largely because of documentation. Robert Williams, AOMR’s president and CEO, explains that Angel Oak is two businesses: Angel Oak Capital Advisors, which manages around $14 billion in largely consumer-related assets, including AOMR while the other part of the business, Angel Oak Home Loans and Angel Oak Mortgage Solutions, are national mortgage lenders. The Atlanta-based REIT, which went public in June 2021, looks to generate attractive risk-adjusted returns for its stockholders through cash distributions and capital appreciation across various interest rate and credit cycles.ĪOMR is externally managed and advised by an affiliate of Angel Oak Capital Advisors, LLC, an alternative credit manager with expertise in mortgage credit. The loans have looser credit and financial requirements and are not backed by government agencies. Non-QM loans are aimed at homebuyers unable to meet the strict criteria of a qualifying mortgage in areas such as income or personal debt. mortgage market, Angel Oak Mortgage, Inc. With a strategy that focuses on acquiring and investing in first lien non-qualified mortgage (QM) loans and other mortgage-related assets in the U.S.